Founders Financial Securities LLC Makes New $2.04 Million Investment in iShares U.S. Financials ETF $IYF

Founders Financial Securities LLC bought a new stake in iShares U.S. Financials ETF (NYSEARCA:IYF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,263 shares of the company’s stock, valued at approximately $2,044,000. Founders Financial Securities LLC owned approximately 0.06% of iShares U.S. Financials ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of iShares U.S. Financials ETF during the 3rd quarter worth $32,000. Bank of New Hampshire purchased a new stake in shares of iShares U.S. Financials ETF in the third quarter valued at about $33,000. North Star Investment Management Corp. purchased a new stake in shares of iShares U.S. Financials ETF in the third quarter valued at about $41,000. Root Financial Partners LLC acquired a new stake in iShares U.S. Financials ETF during the third quarter worth about $81,000. Finally, Essential Investment Partners LLC acquired a new stake in iShares U.S. Financials ETF during the third quarter worth about $96,000.

iShares U.S. Financials ETF Price Performance

Shares of IYF stock opened at $130.94 on Friday. The firm’s 50-day moving average is $131.51 and its two-hundred day moving average is $127.66. iShares U.S. Financials ETF has a 12 month low of $113.62 and a 12 month high of $139.09. The company has a market capitalization of $3.74 billion, a PE ratio of 16.42 and a beta of 0.91.

iShares U.S. Financials ETF Profile

iShares U.S. Financials ETF, formerly iShares Dow Jones U.S. Financial Sector Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial sector of the United States equity market, and includes companies in industry groups, such as banks, non-life insurance, life insurance, real estate and general finance. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.